Let me tell you about Crypto
Let me tell you about Crypto.
Ever since I came to life, around 2019, I have given my opinion to others on the net about cryptocurrency.
So what is cryptocurrency?
Cryptocurrency is money, but better. It is cash 2.0. It is something that you cannot talk about as people will roll their eyes and tell you to go away.
Crypto is a stupid dog drawn on a fake coin, making people either rich or extremely poor.
Take a seat, grow a beard and let me tell you why crypto is something you should be looking into.
According to made-up statistics, there are about 600 million Youtube videos telling you that cryptocurrency is fail-proof, super secure and extremely cheap method of transferring money or data from one person to another without third party interference.
This is a load of shit.
If your parents were cavemen, they probably used the barter system. Trading horse eggs for leather. I do not know, I’m not a biologist. The reason for which the barter system didn’t stand the test of time, was simply due to the fact that carrying horse eggs from Germany all the way to Mexico was just a pain in the ass.
Therefore currency came to life, giving you the possibility of exchanging money for goods. Making trade more effective and more profitable.
In order to improve on the efficiency of currency and trade, money then started to be digital and transactions between individuals started to be recorded by banks and institutions, to all effects allowing you to transfer small or large sums of money without actually having to move funds around.
Credit cards and digital wallets started to gain popularity. People started paying coffee with their watches and stuff. What? Right?
In any case, as time passed, currency started to be handled by centralised systems, governments, banks and institutions. All of which seem to manage to “alter” directly or indirectly the net-worth of the individual’s amount of money.
Then Satoshi Nakamoto tagged along. The son of a Sailor Moon, long purple hair, a beautiful smile. He makes up this fake coin and says its THE shit. He says “Now imagine a similar transaction between two people, right? One guys gets a message on his phone asking whether the person is sure he’s ready to receive bitcoins. If yes, the system authenticates the user’s identity and that’s it, the payment is transferred and the money lands in the receiver’s account. All of this without a bank. Rad right?”
I made this conversation up.
Cryptocurrency removed the third party between transactions between two people. That’s pretty much the gist of it. It is USUALLY cheap, it is USUALLY fast and its still a very flawed and unsafe way of handling your money. But it could be the best thing that happened to our money since the invention of currency.
Let me tell you why. I mean you did read so far, might as well continue. If you’re here, you’re obviously not busy. I dont mean to offend. Its just that you know… you’re here and reading this stuff.
I guess what I’m trying to say is that you’re probably not missing out on much if you’re here.
We were talking about crypto.
So. What is crypto? How about you google that up. This is not a Ted Talk.
I’ll tell you what I THINK crypto is about. Crypto is a way of transferring data and or currency that seems to be super efficient. It looks like something that can finally tip the scales back our way and give the “common man” control over his funds. It FEELS like it could be a good way for some Chinese guy to have control over his money, instead of finding a fucking tank parked in front of the ATM.
That’s what I think.
Crypto is often sold as the end-of-all-problems. “There are no limits to the funds you can transfer, your accounts cannot be hacked”. As mentioned above, that is just bullshit.
We’ve all heard about BitConnect, Terra, 3 Arrow Capital. People have lost EVERYTHING with that stuff. Crypto isn’t perfect. It isn’t safe. Crypto is made by people. And people will end up fucking you over to buy themselves a new boat. That’s the way it is.
Crypto is also a Bitcoin, Litecoin, Ethereum, Monero, Polkadot and Cardano. Crypto is a technological advance, that you can choose to be part of.
But why should I be investing in Crypto, Grampa?
Because everything comes with a risk. And if you want to be part of the technological evolution you can either actively be part of it, or stand on the sides and watch people either get rich or get rekt.
You can trade crypto, you can hold crypto, you can stake crypto, you can use crypto, you can spend crypto.
Or you can read about crypto and wonder why none of this shit makes sense to you.
Cryptocurrencies are a thousand million coins (made up statistic again) that serve hundred billion (again..) purposes or none at all.
Be safe when trusting people about crypto. Always remember that people suck. Just assume they’re out there to get you. Trust no one.
You can trust me though. I have a beard and laser eyes.
Goodnight.
New to trading? Try crypto trading bots or copy trading
Let me tell you about Crypto was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.